The privatization should be realized within 3 turns which would include the sale of 30 minority holdings each.

According to the media, the Republic of Croatia Restructuring and Sale Center (CERP) announced another wave of privatization which will include the sale of 1% of shares of Arena Hospitality Group, 0.03% of shares of Maistra, 0.93% of FTB Turizam.

Also, by public offering, 0.7% of shares of Laguna will be offered with the initial price of HRK 252 per share.  0.17% of shares of Tankerska Plovidba will be offered in the same way with the initial price of HRK 1,745 per share.

This will be the first privatization attempt to which Croatia has committed itself in the preparation of the introduction of the Euro, which should include the announcement of tenders for a total of 90 companies in the Government’s portfolio. The mentioned sale should not relate to the strategic companies, but to minority holdings (up to 25% in the companies from CERP’s portfolio).

The privatization should be realized within 3 turns which would include the sale of 30 minority holdings each. According to the media, the first sale of 30 holdings should occur in September, while the second turn should occur by the end of the year. The last turn should occur in Q1 2020.

The mentioned sale should be carried out until 1 April 2020.